Across classrooms, there’s a growing need for financial education. Last school year, only 1 in 4 high school students had guaranteed access to personal finance courses. Today, 75% of teens aren’t confident in their knowledge of personal finance, putting them at risk as adults, as lower financial literacy is associated with less confidence, higher debt, and less savings, on average.
Fundamental concepts like understanding taxes, personal budgeting and investing, all promote financial independence. When combined, these skills help students build their financial literacy so they are better prepared for entering the job market in the future. But in many cases, teachers don’t have the curriculum to properly teach financial literacy and schools may ask teachers with little formal financial literacy experience to step in and deliver this type of programming in addition to the main topics they teach.
Intuit wants to do our part to equip teachers and help students develop personal finance skills and the entrepreneurial mindset needed to succeed in their future jobs. Our job readiness programs, tools and resources have helped millions of people overcome personal financial challenges. We believe that everyone should have the ability to prosper, regardless of zip code—and that opportunity often begins in the classroom.
Launching our program expansion in partnership with the Suh Family Foundation
In April 2022,we partnered with the Suh Family Foundation, founded by Ndamukong Suh, NFL football player, and his wife Katya Suh, in Portland to deliver training and workshops to teach financial education to underserved students.
We’re thrilled to expand our partnership with the Suh Family Foundation to launch a national financial literacy program for high school students, across five of the nation’s largest and most underserved school districts in the US.
This partnership helps us bring hands-on workshops, resources and ongoing support to schools within Intuit’s Prosperity Hub School District Program, including:
- Los Angeles Unified School District (LAUSD)
- Inglewood Unified School District and Compton Unified School District in the LA area
- Oakland Unified School District (OUSD) in the San Francisco Bay Area
- Dallas Independent School District (DISD) in Dallas, Texas
The Suh Family Foundation equips underserved communities with resources across three pillars that were distinctly pivotal to defensive tackle Ndamukong Suh’s own success: education, health and wellness, and empowerment. The goal of our joint program is to instill confidence in teachers who are tasked with teaching core finance topics, and help build confidence in students as they apply their financial education in the real world upon graduation.
Do you know a teacher that wants to teach financial literacy?
In addition to the program expansion, dedicated online resources and workshop material will be available to teachers nationwide. Our financial basics curriculum is designed to empower and prepare students for their financial future as they build smarter money habits around wealth-building, personal finances, money management, and more.
We know that personal finance is not a requirement for most schools, so trying to find time to integrate it into a teacher’s curriculum can be difficult. That’s why we created a course that is meant to be either teacher or student-led, asynchronous in the classroom or at home, and is mobile-friendly first.
We want to help instill confidence for teachers who are tasked with teaching core finance topics, and help build confidence for students as they take this financial education into the real world upon graduation. Check out our Financial Foundations webpage for more details.
Together we can build skills for jobs of the future
Students living in underserved communities have limited access to educational programs and resources that prepare them for the job market of the future and contribute to their financial success. Intuit is committed to leveling the playing field to better prepare people for the job market by bringing real-world tools into classrooms to help students develop personal finance skills and an entrepreneurial mindset.
Cumulatively, between our Prosperity Hub School Districts program and other key partnerships, we’ve better prepared more than 1.4 million individuals for jobs to-date, and we aim to prepare at least 5 million individuals for jobs by 2025.
While we’re proud of the work we’ve done, we’re just getting started. To learn more about our job readiness programs, please visit our website.